Nexstar Buying CW Affiliate Non-Spectrum Assets After WLWC Airwaves Sold in Incentive Auction
Nexstar will buy the “non spectrum assets” of WLWC-TV Providence from OTA Broadcasting for $4.1 million, Nexstar said in a news release Monday. WLWC’s spectrum was sold in the incentive auction, so the deal over the non-spectrum assets isn’t subject…
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to FCC approval, the buyer said. “The addition of the assets from WLWC-TV will allow Nexstar to generate incremental advertising and net retransmission consent revenue growth without increasing our total U.S. television household reach.”